CFTC to Host Cryptocurrency CEO Forum to Discuss Digital Asset Market Pilot Program

June 10: Prominent Bitcoin trader Killa (@KillaXBT) shared a market view update, noting that if Bitcoin holds above its quarterly low of $60,037, the asset could rebound to the quarterly open price of $68,185; a breakdown below that level would point to the CME gap at $54,111. The next major downside support for Bitcoin is its July 2024 low of $49,302. As a quantitative trader focused solely on BTC, Killa has over 200,000 followers on X. He previously predicted this bull run would peak in May 2025, and opened a short position on Bitcoin at $74,688 in mid-April.

In an interview with tech journalist Tae Kim in Taipei on June 10, Nvidia’s Senior Vice President of Networks, Gilad Shainer, called CPO the most exciting technology in the networking space. He stated the company is ready to begin shipping CPO products, noting partner Lambda recently announced in a blog post it has obtained a CPO switch. Shainer added Nvidia will ramp up CPO production in the second half of 2026, with more widespread adoption of CPO on the horizon. He explained the rollout starts with scale-out configurations; CPO was first referenced in Nvidia’s Feynman generation, is now being used for its Vera Rubin product line, and the next phase will center on Feynman.

On June 10th, Uniswap founder Hayden Adams expressed his opposition to the security sandbox mechanism introduced by Claude Fable 5, a new AI model from Anthropic. In his remarks, Adams pointed out, “Fable 5’s security protection system will detect and block requests related to cybersecurity—a terrible decision. At its core logic, the model cannot distinguish between legitimate requests from white hat hackers who seek to strengthen and defend systems and malicious requests from black hat hackers.”

June 10 – The State Taxation Administration of China announced that tax authorities have stepped up publicity, guidance, and policy counseling for Chinese residents’ individual overseas income. Compliance among taxpayers with foreign-source income has increased notably, with approximately 13 billion yuan in back taxes paid from January to May.

On June 10, Nasdaq-listed Bitcoin mining firm Keel Infrastructure — formerly known as Bitfarms — completed a $458 million convertible senior notes offering. The deal carries a 1.25% coupon rate, matures in 2032, and sets an initial conversion price of approximately $7.41, a 25% premium over the June 4 closing share price. A portion of the raised capital will go toward purchasing capped call options to hedge dilution risks tied to note conversion. Keel noted its existing liquidity is expected to be sufficient to support development of its Panther Creek, Sharon, and Moses Lake projects through operational leasing. The new funding will also boost the company’s flexibility for general corporate purposes, such as covering long-term equipment deposits or serving as collateral for letters of credit linked to data center projects.

June 10. The Haidian District People’s Court in Beijing, China recently issued a ruling in a fraud case. Retiree Meng, who developed an obsession with virtual currency trading and refused to use his own retirement pension, posed as a 20-something staff member from a “central government department” named Xiao Hong on a short-video social platform. He built a romantic online relationship with a young man before defrauding more than 200,000 yuan from the victim, lying that the money was needed for a family member’s emergency surgery and overseas exam preparations. Meng invested all the stolen 200,000 yuan into virtual currency trades with 10-times leverage. When the market took a downturn, he faced a margin call and lost nearly all the funds. Earlier, the Haidian District Prosecutor’s Office filed fraud charges against Meng. Finally, the Haidian Court sentenced him to four years in prison, imposed a fine, and ordered him to compensate the victim for their economic losses. (Beijing Evenin